Coal stock position at power plants have improved considerably with number of plants holding critical stocks declining to one this week. It tipped to 33 during mid-October last year.
The captive power plants are sweating ahead of the summer which coincides with the general election. The Central Electricity Authority had forecast the energy requirement to grow 6.5 percent to 1,337 billion units in the ongoing financial year after a jump of 6 percent in 2017-18.
Ratings agency ICRA has termed approval of High-Level Empowered Committee’s (HLEC’s) recommendations for resolution of stressed thermal power plants as a positive move.
Coal inventory at power stations rose to 16 days operation and the number of plants with precarious inventory dropped 82% to just five on February 27 from 29 on October 31 last year, a move that will make ample power available to meet rising summer demand.
Coal stocks at power plants and mine pitheads have risen to a total of 60 million tonnes, enough to generate electricity for 36 days, ending scarcity that lasted several months.
Ease of doing business: Government exempts these industries from environmental clearance for power plants
The Centre has exempted industries like steel, cement and metal from mandatory prior environment clearance for setting up a new or expanding the existing captive power plant employing waste heat recovery boilers (WHRB) without using any auxiliary fuel.
Coal India has supplied 407.02 million tonnes coal to power sector in the current year, a growth of 7.3% over the same period last year, a statement issued by the coal ministry said.
Two nuclear power plants in South India — the Kaiga plant in Karnataka and the controversial Kudankulam plant in Tamil Nadu — paint a remarkable picture of contrasts. While the former has created a record for longest continuous
Flagging lower coal production in Chhattisgarh’s Korba Coalfield that contributes around 25 GW to the country’s power generation capacity, the Association of Power Producers (APP) has urged ministries of coal and power to resolve issues to augment production, especially contractual.
Indian shares rose on Wednesday, with energy and financial stocks accounting for nearly half the gains in the index amid expectations that Reliance Industries Ltd will report a good set of numbers for the quarter ended December.